The Auckland Council’s first “proper” Governing Body meeting this Thursday signals that Wayne Brown’s mayoralty will need to shift away from daily press releases and onto the real work of governing New Zealand’s largest city. It said the council needed to move towards long-term financial sustainability in addition to solving the short-term financial challenge. The NZX update said the council remained strongly committed to maintaining a prudent and sustainable approach to long-term financial management. As we’ve mentioned plenty of times before, the funding arrangements for City Rail Link where costs are split 50/50 between the Government and Auckland Council make no sense for such a nationally significant project. The key opportunity for Auckland Council to renegotiate transport funding arrangements with the Government will be through ATAP – which we assume will be updated over the coming 12 months ahead of the next Regional Land Transport Plan.

Source: Stuff November 07, 2022 20:30 UTC